Uncertainty At Japanese Banks

By coffee

Fri 3 Oct 2008 10:16

Following the problems in the sub-prime lending market in America and
the run on B&B in the UK, uncertainty has now hit Japan.

In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up
and Bonsai Bank announced plans to cut some of its branches.

Yesterday, it was announced that Karaoke Bank is up for sale and will
likely go for a song, while today shares in Kamikaze Bank were suspended
after they nose-dived.

While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank
is reported to have taken a hit, but they remain in the black.

Furthermore, 500 staff at Karate Bank got the chop and analysts report
that there is something fishy going on at Sushi Bank where it is feared
that staff may get a raw deal.

coffee